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Wipro joins hands with Schneider Electric to develop smart city solutions

India: Wipro, an Indian technology giant entered into a strategic partnership with the French multinational corporation Schneider Electric.

The aim of the partnership is to develop cost effective solutions for India’s smart cities along with the efficient citizen services for urban and rural communities.

The two companies would together develop the solutions for India as well as Global Smart City market.

TechSci Research depicts that the two companies’ already shares partnerships in various areas such as Data Centers, Intelligent Building Management Systems, Connectivity, etc. Now, by focusing on the operational technology areas such as energy optimization, data analytics, and citizen services for smart cities would strengthen the synergies between the two and the innovative products developed would support the overall smart city ecosystem to grow.

According to the recently published report by market research and consulting company TechSci Research, “Market Study on Upcoming Smart Cities in India, 2015”, the smart cities project in India would involve overall investments in tune of USD2 trillion for the development of trunk and internal infrastructure in 100 cities planned under the project. Budget allocation towards the smart cities program stood at around USD1.2 billion for 2014-15. Gujarat, Rajasthan, Karnataka and Kerala are few of the states where a maximum number of smart cities would be developed in coming years. Moreover, a number of smart cities are expected to be developed with foreign assistance on Delhi-Mumbai Industrial Corridor.

A smart city employs high-end technology infrastructure that includes comprehensive IT infrastructure, a network of sensors, cameras, wireless devices and data centers for efficient and effective delivery of essential services such as electricity, water supply, sanitation, recycling, managing traffic, transportation systems, etc. Broader elements to be incorporated into a smart city include Smart Energy, Smart Environment, Smart Transportation, Smart IT & Communications, Smart Health, Smart Education, Smart Building and Smart Governance.

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